The left says "cut" but what is really is, is a slow down - in the rate of growth.

Posted: Dec 8th, 2019 - 2:46 pm In Reply to: Your comment seems politically motivated as if this is - something sinister. Something

The PIA is your Social Security benefit at full retirement age. The PIA is calculated using your Average Indexed Monthly Earnings. Your AIME is an average of your highest monthly earnings during the 35 years in which you earned the most. Each of those years is first indexed to account for inflation.

By the formula it significantly penalizing the higher wage earner, while favoring those of lower income, 90 percent.

The proposed bill redistributes even more wealth even further.

So I would think leftists would like it.

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Republicans move to cut Social Security - They wrote the damned bill (Views: 650, 2019-12-08, 9:07 am)
- Your comment seems politically motivated as if this is - something sinister. Something (Views: 294, 2019-12-08, 2:42 pm)
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